CommonCents 101 MicroFinance and Banking Software is a window-based, menu-driven, flowchart-button-driven and icon-driven system designed initially for Micro-Finance Institutions (MFIs).
CommonCents 101 is a 3-in-1 software because it highly integrates the Loan Tracking System, the Savings System, and the General Ledger System.
CommonCents 101 Software uses Object-Oriented Programming (OOP) and N-Tier Architecture in its design and development.
Product Summary
Product Name
CommonCents 101 MicroFinance Software
Product Version
429
Release Date
1 Sep 2002
Product Overview
CommonCents 101 MicroFinance and Banking Software is a window-based, menu-driven, flowchart-button-driven and icon-driven system designed initially for Micro-Finance Institutions (MFIs).
CommonCents 101 is a 3-in-1 software because it highly integrates the Loan Tracking System, the Savings System, and the General Ledger System.
CommonCents 101 Software uses Object-Oriented Programming (OOP) and N-Tier Architecture in its design and development.
Product Description
CommonCents 101 MicroFinance and Banking Software is a window-based, menu-driven, flowchart-button-driven and icon-driven system designed Initially for Micro-Finance Institutions (MFIs) with Grameen and/or ASA methodologies. It is highly differentiated from a banking software because it is powered by modules and reports which facilitate and monitor group transactions but also take considerations of transactions by individual clients. CommonCents 101 is a 3-in-1 software because it highly integrates the Loan Tracking System, the Savings System, and the General Ledger System. This integration eliminates data-entry redundancy and makes data in the three areas consistent. This means that every transaction done in the Loan Tracking and/or Savings Modules has a corresponding journalized entry in the Financial System. This also means that savings transaction may also be integrated during loan transactions (ex. Release, Payment and Adjustment). Through its years of operations, banking modules and reports have been added to the software which makes the system functional for banks with simple operations. Additional banking features and reports are continuously added and enhanced to answer the growing information and reportorial requirements of banks with relatively more-advanced operations.
CommonCents 101 Software uses Object-Oriented Programming (OOP) and N-Tier Architecture in its design and development. It also adapts the Service Oriented Architecture (SOA) because it uses reusable classes and data classes/forms--produced by CENTECH Form and Data Class Generator. The software is coded using Visual Basic 6.0 and uses Crystal Report 8.0 as its report generator. The data of the CommonCents 101 software can either be stored in MS Access 2000 or MS SQL Server 2000 databases. This advanced IT methodology makes future enhancement relatively easy and fast. Futhermore, client-partners will have no problem in the future if they decide to upgrade their database to a higher level or version.
CommonCents 101 Software started its development early of 2002 and modules and reports are continuously added/enhanced based on the suggestions of current client-partners. The system is now currently used by big MFIs and banks nationwide (Philippines) with a total of sixtty (60) branch- installations across regions. CommonCents101 software has also been shown and demonstrated to some MFIs and Banks IT personnel through some software-demostrations activities sponsored by Funders and MFI networks (e.q. Philnet, Visayas PEF). It has also been shown to funder’s IT personnel (e.q. PCFC, Philippine CGAP MIS consultant) for comments and suggestions.
CommonCents 101 software is designed and developed by CEN Systems and Technologies (CENTECH) Corp who has highly competent and experienced Information Technology (IT) professionals. The technical team is headed by Carlo B. Sicad --The chief software developer—who has 18 years of IT experience and 4 years of MicroFinance Operations. He has developed many application software for NGOs and most of them were Financial Systems. He is also the Chief developer of RMG-MIS—a micro-finance software developed last 2001 for MFI clients of People Credit Finance Corp (PCFC)-- which was funded by ADB.
Centech Corp. is software development company. Its primary clients are MicroFinance Institutions (MFIs), Banks and NGOs. CENTECH Corp. is now offering CommonCents101 MicroFinance and Banking Software.
Legal status
Incorporated
Year company was formed
2002
Public
No
Are financial statements public?
No
Major Activity
Software Development
Approximate Microfinance Revenues as a Percentage of Total
